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28/03/2024

Avolta receives Moody’s upgraded credit rating to Ba2 with Stable Outlook

Avolta AG (SIX: AVOL), the leading global travel experience player, confirms its upgraded credit rating from Ba3 to Ba2 with Stable outlook according to Moody’s Investment Service announcement yesterday. The credit rating upgrade follows the successful closing of the business combination with Autogrill in 2023 as well as the company’s strong 2023 financial performance, the announcement of a balanced capital allocation policy and the solid trading environment in 2024.

28/03/2024

Avolta pilots partnership to measure CO2 footprint of its Dutch F&B offerings

Avolta, the leading global travel experience player, is partnering with sustainability data experts HowGood and PS in Foodservice to pilot a new innovation to measure its carbon footprint within the Dutch supply chain. The pilot aligns with two key focus areas of Avolta’s recently-published ESG strategy: Create Sustainable Travel Experiences and Respect Our Planet. The initiative equips Avolta with a centralized platform to accurately calculate the carbon impact of ingredients used in its F&B stores in the Netherlands. Subsequently, Avolta can collaborate directly with partners across its local supply chain to devise a more sustainable approach to its operations.

27/03/2024

Avolta embarks on 10-year journey with 8 new F&B stores at India’s new Noida International Airport, grows India footprint to more than 100 stores

Avolta AG (SIX: AVOL), leading global travel experience player has been awarded eight new F&B concessions for 10 years at India’s soon-to-be-opened Noida International Airport, strengthening its presence in India. With a floorspace of more than 1,200 m², Avolta brings an exciting portfolio of F&B brands, delivering global and local experience with a strong sense of place. The new partnership underscores Avolta’s commitment to significantly grow the company’s presence in the APAC region, boosting its Indian footprint to include F&B and duty free, across more than 100 stores in four airports and two shopping malls, and with more than 150 POS. Poised to make local and international travelers happier, Noida International Airport has been built to connect the greater Delhi area and Western Uttar Pradesh with other cities in India and the world.

26/03/2024

HMSHost Offers Travelers a New Dining Adventure at Calgary International Airport

HMSHost Opens Summit House in Concourse B, Featuring Craft Beers from Local Brewery Banded Peak Brewing and a Diverse Menu Worth Exploring

The Burger Federation_Düsseldorf Airport

25/03/2024

Avolta opens The Burger Federation at Düsseldorf Airport

On Thursday, Avolta celebrated the opening of The Burger Federation at Düsseldorf Airport. It is the first time that the leading global travel experience player has brought this proprietary brand, developed specifically for locations with high visitor numbers, to a German airport. The concept offers travelers a gastronomic experience and gourmet burger creations in the ambience of an American farmhouse. With this opening, Avolta is expanding its partnership with Düsseldorf Airport and continuing its growth course in recent years.

25/03/2024

Avolta adds Cologne Bonn Airport to operational portfolio with award of 17 new stores for ten years, strengthens footprint in Germany

Avolta AG (SIX: AVOL), the leading global travel experience player, is expanding its presence in Europe, by entering into a new partnership with Flughafen Köln/Bonn GmbH. The contract win sees Avolta open 17 new food and beverage stores at Cologne Bonn Airport, located between the cities of Cologne and Bonn, Germany. With 24/7 operations and access to a population of 17 million within 100km, the new stores, set to begin opening in the fourth quarter of 2024, significantly increase Avolta’s contact points with travelers.

22/03/2024

Avolta donates more than 1.5 billion liters of clean drinking water to communities in Indonesia, Vietnam, India and Africa

This year marks a significant World Water Day for Avolta, as it prepares to celebrate the 10 year anniversary of the partnership with Netherlands-based water charity, Made Blue Foundation. The initiative began during the Summer of 2014, providing developing communities access to clean drinking water, with a donation for every beverage sold at the company’s operations in Amsterdam Airport Schiphol.

21/03/2024

Avolta wins new 6-year duty-paid contract at Maceió-Zumbi dos Palmares International Airport in Brazil

Avolta AG (SIX: AVOL) is delighted to announce a new six year contract at Brazil’s Maceió-Zumbi dos Palmares airport to operate a 170m² duty paid store. An international gateway to vibrant tourist destinations and historic cities, the airport attracts over 2.5 million passengers annually (2023 figures), and with the win of this duty paid contract in a new airport location, Avolta further extends its already significant footprint in Brazil.

20/03/2024

Avolta affirms partnership with Edinburgh Airport: 20+ years of operations strengthened by 7-year contract extension, grows floorspace by 30%

Avolta AG (SIX: AVOL) has successfully extended its contract to operate the tax and duty free store at Edinburgh airport for an additional seven years. Strengthening the company’s 20+ years of operations at the same store, the contract win also represents an increase in retail space of 30%. Edinburgh airport is the busiest airport in Scotland, handling almost 15 million passengers each year (2019 figures), and an important driver for the Scottish economy thanks to its connectivity with other parts of the UK and internationally.

15/03/2024

Avolta continues to invest in Autogrill Motorway business, opening a new Eataly store in Dorno, on the A7

Avolta continues its path of investments on the Italian motorway channel through Autogrill, opening a new Eataly brand store today inside the historic bridge building in Dorno, along the A7 Milan Serravalle, Italy. Following the earlier success of Eataly’s collaboration with the Autogrill Motorway business in Secchia Ovest in 2016, the partnership continues with a focus on strategic and heavily trafficked locations, offering travelers space to pause and experience quality food & beverages in an authentic setting.

13/03/2024

Avolta wins nine-year contract for 26 stores in Istanbul’s Sabiha Gökçen International Airport

Leading global travel experience player Avolta AG (SIX: AVOL), is affirming and growing its presence in Türkiye. Recently confirming the award of a nine-year contract for 26 food & beverage (F&B) stores at Istanbul Sabiha Gökçen International Airport, Avolta is renewing its existing 22 F&B stores and introducing four additional F&B locations to the airport. The contract is a significant extension to the company’s existing partnership with the Malaysia Airport’s fully owned Turkish asset, and builds on an eleven-year F&B collaboration, as well as a long-standing travel retail partnership, which will run until 2032.

07/03/2024 Ad hoc

Avolta takes off: After a successful 2023, strong performance continues into the new year, management remains confident in long-term growth

2023 was a transformative and successful year for Avolta. The company completed a game-changing business combination, delivering its synergy targets in combination with an impressive set of financials in its first year. More resilient and diversified, Avolta continues to execute its Destination 2027 strategy with purpose. Avolta’s robust 2023 performance is reflected in a conservative 2.6x leverage. Under its new capital allocation policy a 2023 dividend of CHF 0.70/share is proposed, while targeting medium term leverage of 1.5-2.0x.